This is another one of those great conversations that makes me realize how much trend following is woven into society — even if it’s not called that.
The Three Box Solution mindset/plan is the outcome of 35 years of research, teaching, writing, and consulting. It is well-understood that creating a new business and optimizing an already existing one are two fundamentally different management challenges. The real problem for leaders is doing both, simultaneously. How do you meet the performance requirements of the current business—one that is still thriving—while dramatically reinventing it? How do you foresee a change in your current model before a crisis forces you to abandon it?
The three boxes:
Box 1: The present—Strengthen the core
Box 2: The past— Let go of the practices that fuel the core business but fail the new one
Box 3: The future—Invent a new business model
The “three box” framework makes leading innovation easier because it gives leaders a simple vocabulary and set of tools for managing and measuring the different sets of behaviors and activities, across all levels of the organization. Supported with rich company examples—such as GE, Mahindra & Mahindra, Hasbro, IBM, United Rentals, and Tata—and testimonies of leaders who have successfully used this framework to lead innovation, this book solves once and for all the practical dilemma of how to align an organization on the critical but competing demands of innovation.
Bio: Manish Tangri has spent more than fifteen years executing entrepreneurial innovation activities in Fortune 500 organizations. At Intel Capital, Tangri executes strategic transactions–including mergers and acquisitions, equity investments, and partnerships–worldwide.
In this episode of Trend Following Radio:
The Opportunity Cost with Michael Covel on Trend Following Radio.
Keith Ferrazzi and I dive into his new book Leading Without Authority. Keith aims to redefines collaboration with a radical new workplace operating system in which leadership no longer demands an office, an official title, or even a physical workplace.
In times of stress, we have a choice: we can retreat further into our isolated silos, or we can commit to “going higher together”. When external pressures are mounting, and employees are working from far-flung locations across the globe, we can no longer afford to waste time navigating the complex chains of command or bureaucratic bottlenecks present in most companies. But when we choose the bold new methodology of co-elevation as our operating model, we unlock the potential to boost productivity, deepen commitment and engagement, and create a level of trust, mutual accountability, and purpose that exceeds what could have been accomplished under the status quo. And you don’t need any formal authority to do it. You simply have to marshal a commitment to a shared mission and care about the success and development of others as much as you care about your own. Regardless of your title, position, or where or how you work, the ability to lead without authority is an essential workplace competency.
Ferrazzi draws on over a decade of research and over 30 years helping CEOs and senior leaders drive innovation and build high-performing teams to show how we can all turn our colleagues and partners into teammates and truly reboot the way we work together.
Bio: Keith Ferrazzi is an American author and entrepreneur. He is the founder and CEO of Ferrazzi Greenlight, a Los Angeles, California-based research and consulting firm. He wrote the New York Times bestselling books Never Eat Alone.
A best of combo episode today: Andrew Lo and Jon Gordon. Enjoy!
Bio: Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He is the author of Hedge Funds and the coauthor of A Non-Random Walk Down Wall Street and The Econometrics of Financial Markets (all Princeton).
Rana el Kaliouby is an Egyptian-American computer scientist and entrepreneur in the field of expression recognition research and technology development, which is a subset of facial recognition designed to identify the emotions expressed by the face. El Kaliouby’s research moved beyond the field’s dependence on exaggerated or caricatured expressions modeled by laboratory actors, to focus on the subtle glances found in real situations.
After growing up in Cairo, Egypt, she earned a PhD in Cambridge University, and then joined the MIT Media Lab as a research scientist, where she spearheaded the application of emotion recognition technology in a variety of fields, including mental health and autism. She left MIT to co-found Affectiva, a company credited with defining the field of Emotion AI and now works with 25% of the Fortune 500 and is a leader in emotion AI. Rana was named by Forbes to their list of America’s Top 50 Women in Tech.
Bio: Rana el Kaliouby is on a mission to humanize technology with artificial emotional intelligence, or what she calls “Emotion AI.” through developing a “deep learning” platform that combines facial expression with tone of voice to infer how a person is feeling. She is the author of “Girl Decoded: A scientist’s quest to reclaim humanity by bringing emotional intelligence to technology.”
In this episode of Trend Following Radio:
Pinnacle of AI in 2020
Artificial Intelligence and Emotional Intelligence
Siri and Alexa
Emotional Intelligence Versus Intelligence Quotient
Communication and Internal State
Clinton and Trump
Get Your Trend Following On with Michael Covel on Trend Following Radio.
Your dreams become your destiny when you learn the secret art of asking!
Most people have beautiful dreams deep inside—the things they would like to have, the relationships they’d love to enjoy, and the wellness and well-being that would help them express their best, in every way. But often those dreams lie buried inside us. Hidden by fear or unworthiness or a lack of awareness of what could be. Asking is the only language to which the Universe can deliver a solution, understanding, illumination, or plan.
There are three distinct channels through which we can ask:
You were born with a destiny. Your job is to discover it. Once you begin to practice the art and science of asking to discover your destiny and start to move toward it, you can manifest innumerable blessings for yourself and others. This isn’t a complicated process; in fact, it’s a simple gift that lies dormant within you. Once you learn to access that gift, everything changes for the better. Ask! will help you access your hidden dreams and reveal them to be recognized and fulfilled in miraculous ways.
You matter. The world needs you to find your destiny and live it. This book is your guide. Start crossing the bridge to your destiny today!
Bio: Mark Victor Hansen is probably best known as the co-author for the Chicken Soup for the Soul book series and brand, setting world records in book sales, with over 500 million books sold. He is also a prolific writer with 307 books authored or co-authored, including The Aladdin Factor, The Power of Focus, The Richest Kids in America, The Miracles in You, You Have a Book in You, and the One Minute Millionaire series.
Bio: Crystal Dwyer Hansen is a business strategist and successful entrepreneur, speaker, and author in the US and China. Crystal, also known as the “celebrity coach,” is a certified life coach and wellness/nutrition expert, whose personal coaching, speaking, CD and video programs, books, and articles have helped people all over the world.
There once was a time when we joyfully raised our hands to answer questions, connected easily with others, believed that anything was possible, and fearlessly jumped into new experiences. A time when we viewed each day not as something to endure, but as a marvelous gift to explore and savor—when we danced through our lives in awe of the ordinary moments and eager for the promise of tomorrow.
Unfortunately, that’s far from our experience today. Instead, we feel disconnected and jaded. Social media reminds us that we don’t measure up, and the mainstream media barrages us with constant negativity. Many of us find ourselves caught in a life of dogged responsibility and mind-numbing repetition. The daily struggle to earn a living has caused us to lose the sense of wonder with which we once greeted every day.
In his new book, bestselling author John O’Leary invites us to consider that it is possible to once again navigate the world as a child does. Identifying five senses children innately possess and that we’ve lost touch with as we age, O’Leary shares emotional, humorous, and inspirational stories intertwined with fascinating new research showing how each of us can reclaim our childlike joy, and why doing so will change how we interact with the world.
Bio: Once expected to die from massive burns, today John O’Leary teaches others how to truly live. As an internationally acclaimed speaker, bestselling author, and renowned podcast host, John helps hundreds of thousands of people to live inspired each year, sharing his insights and inspiring message with emotional storytelling and unexpected humor.
Aha Moments with Michael Covel on Trend Following Radio.